EQS-News

HomeToGo Resolves Public Share Tender Offer For Up To 1.25 Million Class A Shares

EQS-News: HomeToGo SE / Key word(s): Share Buyback HomeToGo Resolves Public Share Tender Offer For Up To 1.25 Million Class A Shares 27.03.2024 / 08:09 CET/CEST The issuer is solely responsible for the content of this announcement. HomeToGo Resolves Public Share Tender Offer For Up To 1.25 Million Class A Shares

NOT TO BE TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, TO OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTIONS IN WHICH SUCH TRANSMISSION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER RESTRICTIONS APPLY. PLEASE REFER TO THE IMPORTANT NOTES AT THE END OF THIS NOTIFICATION.

Luxembourg, 27 March 2024 - HomeToGo SE (Frankfurt Stock Exchange: HTG), the SaaS-enabled marketplace with the world’s largest selection of vacation rentals, today announced that the Management Board decided, with the approval of the Supervisory Board and on the basis of the authorization granted by the Annual General Meeting on 24 May 2022, to complement HomeToGo’s ongoing stock-exchange based €10 million share buyback program with a public share tender offer to the shareholders for a total of up to 1.25 million Class A shares (corresponding to up to 1.0% of the Company’s share capital). The tender offer will be counted towards the volume of the ongoing share buyback program in order to increase the effectiveness of the buyback without expanding the overall size of repurchases.

In the public share tender offer, the Company offers to all HomeToGo Class A shareholders to purchase from them Class A shares against payment of a purchase price in the range of €2.00 to €2.40 per share up to an aggregate volume of €2.5 million (“Maximum Offer Volume”). The maximum number of Class A shares to be repurchased in the tender offer therefore amounts to 1.25 million at the lower end of the purchase price range and approx. 1.04 million at the upper end of the purchase price range. The offer period commences today and is expected to expire at the end of 12 April 2024, 24:00 (CEST). The final purchase price for the Class A shares will be determined following expiry of the acceptance period as the lowest price per share within the given price range at which the Company can, based on the tenders received, purchase the Maximum Offer Volume. HomeToGo shareholders are invited to tender all or part of their Class A shares specifying either (i) a minimum price within the given price range or (ii) their acceptance of the share buyback offer at the final purchase price as determined after the expiry of the acceptance period. If the aggregate volume of Class A shares (tendered at a price equal to, or lower than, the final purchase price) exceeds the Maximum Offer Volume (“over-subscription”) these tendered Class A shares will be accepted on a pro-rata basis in accordance with the ratio of the Maximum Offer Volume to this aggregate volume. The shares bought back may be used for all of the purposes permitted under the authorization granted by the Annual General Meeting of 24 May 2022.